Tag: oil
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Nasdaq sets record high, oil dips on improved crude flows
NEW YORK, Sept 22 : The tech-heavy Nasdaq hit a record closing high on Tuesday, while oil prices and Treasury yields dipped in choppy trading as crude flows through the Middle East improved.The Nasdaq was boosted by Micron Technology and other AI-related stocks as AI demand showed no signs of abating and corp
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Oil prices rise on Trump timeline for Iran peace deal: after US elections
HOUSTON, Sept 22 : Oil prices rose on Tuesday as traders worried about global supplies after US President Donald Trump told the United Nations General Assembly in a speech that a peace deal with Iran could come after the US midterm elections, which are not until early November.Trump also said that without a p
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Nasdaq sets record high on AI optimism, oil drops below $100
NEW YORK, Sept 22 : The tech-heavy Nasdaq hit an intraday record high for the first time since June on Tuesday, while oil prices hit two-week lows as supply showed signs of improving in the Middle East.Tech stocks reclaimed the spotlight as AI demand showed no signs of abating and corporate earnings stayed r
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LA residents are feeling the heat as urban oil fields take a toll on health and air quality
Many lifelong residents of Los Angeles have health impacts from growing up so close to oil extraction. Now, the city is trying to close down the worst offenders, but it’s an enormous task.
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Oil falls to two-week low as Gulf supply outlook improves
LONDON, Sept 22 : Oil prices fell to a two-week low on Tuesday as prospects for increased oil supplies from the Gulf eased market concerns, with Iran signaling it could reopen the Strait of Hormuz within seven days and Saudi Arabia set to resume exports from its Red Sea port of Yanbu.The Brent crude futures…
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Oil falls 1% after reports suggest Iran could reopen Hormuz within seven days
LONDON, Sept 22 : Oil prices fell on Tuesday after reports that Iran said it could reopen the Strait of Hormuz within seven days if the US takes initial steps to ease military pressure, easing concerns over disruptions to a key global oil shipping route.The Brent crude futures November contract fell 89 cents,
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Shell Singapore charged over Pulau Bukom oil leaks, failure to report them immediately
About 40 tonnes of oily mixture was discharged into the water in the October 2024 incident, while about 485kg to 956kg of oil mixture leaked into Singapore waters over a few days in December 2024.
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Global stocks rally on lower oil prices, US-China hopes
NEW YORK: Stock markets climbed on Monday (Sep 21), boosted by falling oil prices and positive signals from trade talks between Chinese and US officials over the weekend.Wall Street indices capped a buoyant day for global stocks with the Nasdaq piling on 2.3 per cent to finish at a fresh r
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Stocks gain on AI optimism; lower oil helps bonds
LONDON, Sept 21 : Global stocks rose on Monday, as evidence of booming AI demand lifted tech shares, and oil fell on reports that more supply was leaving the Gulf than previously thought despite the ongoing conflict.The bond market, which last week endured a sixth straight weekly selloff in the face of ris
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Stocks rise on AI optimism; lower oil helps bonds
LONDON, Sept 21 : Global stocks rose on Monday, recovering some poise, as evidence of booming AI demand lifted tech shares and oil retreated on reports that more supply was leaving the Gulf than previously thought despite the ongoing conflict.The bond market, which last week endured a sixth straight weekly
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